Kadant Inc (KAI)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 847,127 | 773,702 | 653,849 | 563,936 | 495,359 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $847,127K
= 0.00
Based on the provided data, Kadant Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company has not utilized any debt to finance its operations and growth during this period, and its capital structure has been primarily equity-funded. A debt-to-equity ratio of 0.00 indicates that the company has no financial leverage and is not relying on borrowed funds to support its business activities. While a low debt-to-equity ratio can signify financial stability and less risk of default, it may also imply missed opportunities for leveraging debt for potential growth and tax benefits. Further analysis of Kadant Inc's financial statements and strategic decisions would provide a more comprehensive understanding of the company's capital structure and financial health.
Peer comparison
Dec 31, 2024